Barclays unveils new residential mortgage rates.

Barclays has unveiled brand new rates for its residential mortgage and remortgage ranges.

As from now and for a maximum loan amount of £1 million, a 2 year fixed rate for up to 60% LTV is available at 1.46%. Barclays charges a product fee for this mortgage, which should be factored in when assessing all-around value.

If you prefer a 2 year fixed rate option with no fee to pay, Barclays offer an alternative for the same 60% LTV at a rate of 1.78%. the maximum loan value here, however, is £500,000.

If a longer term fixed rate of 5 years is what you require with no fee, Barclays offer a loan for up to £250,000 for up to 60% LTV at a rate of 2.14%.

What if you don’t have a 40% deposit though? What options are available to you then and at what rates?

Deal Direct has the expertise you need to find the best rate for your deposit/equity level. We’ve been working for over a decade finding the best deals on offer from lenders all over the country to allow our clients to buy a first home, move up the property ladder, remortgage or purchase a second property/buy to let.

For no-obligation impartial advice based on what you need and what’s in your interest and not that of the lender, call us today.

Deal Direct is a trading style of Deal Direct Financial Solutions Ltd which is authorised and regulated by the
Financial Conduct Authority for regulated mortgage and non-investment insurance contracts.
Our FCA Number is 478726. The overall cost for comparison is estimated to be 4.95% APR. Subject to circumstances,
a completion fee may be payable, typically £198 upfront
& £799 on completion.
If your circumstances or history involves any adverse credit, complex situations or a commercial element then
this may increase to a maximum of £2594 with a minimum of £99 payable upon application.
Your adviser will, in all cases, confirm all costs in writing prior to any application being made.

Any reference to the Financial Services Authority (FSA) in any of our documentation should be read as Financial Conduct Authority (FCA)

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